Instead of paying up front some fly by night business that claims they will negotiate a loan modification or short sale, New Hampshire is offering a FREE mediation service for borrowers and lenders.

Notice to Homeowner: Availability of Foreclosure Mediation: Mediation is a process by which a neutral mediator assists parties in trying to reach a voluntary negotiated agreement to resolve their dispute

A Foreclosure Mediation Program has been set up by the NH Judicial Branch Office of Mediation and Arbitration to assist certain qualifying homeowners.

You can request screening for eligibility for the program if:

You are the owner-occupant of a one-to-four family residential property in New Hampshire which is your primary residence; and

You are the borrower, or one of the borrowers; and

The mortgage on your owner-occupied residential property is at risk of foreclosure, as determined by your lender, or there is a current default; and

You do not qualify for another direct lender program such as the federal home rescue program or other like programs.

After screening and acceptance into the program, you and your lender agree to participate in the Foreclosure Mediation Program.

To participate in the Foreclosure Mediation Program, you must complete a Foreclosure Mediation Request form (NHJB-2604 OMA), and send it to your lender for screening with a copy to the Office of Mediation and Arbitration at PO Box 389, Concord, NH 03302.

NH Court contracted mediators will conduct mediation sessions at the Superior or District Court locations throughout the state or at regional HUD certified counseling offices. There is no application fee for this program and mediation services shall be provided at no cost to the participants for so long as there are grant or other funds available to support the program. The OMA reserves the right to cancel the program, at any time if funds are no longer available.

If you have questions or want additional information,
contact Attorney Weddleton at roy@granitelaw.com.